This commentary will focus on the first 60-90 minutes after the Opening Bell. However, our strategies can and will provide setups the entire trading day.
The Easiest Way To prepare for Scalp Trading the ES E-Mini Futures.
Yesterday during normal trading hours, momentum continued to build as price action formed a series of higher highs and higher lows in a mini market cycle phase 2 uptrend. The 20MA continued to converge upwards above and away from the 200MA. Price action continued to remain above the prior day’s high in after hours and during pre-market, it retraced back towards the prior day’s high and found minor support before moving higher heading into the opening bell.
Pre-market Economic news and reports…
Every Day we use the following Scalp Trading Strategies…
After the opening bell, price action continued the mini market cycle phase 2 uptrend. We took an aggressive LONG entry based on new intraday highs and continuation of the uptrend and captured 2.0+ points profit.
Mini Market Cycles Analysis: